SOURCE: Eons.com

May 13, 2008 09:00 ET

Majority of Boomers Are Using Rebate Checks to Pay Bills, Buy Necessities or Save for Retirement, According to Eons.com Poll

Only 18 Percent of Boomers Are Spending the Money on Consumer Goods, Travel or Entertainment

CHARLESTOWN, MA--(Marketwire - May 13, 2008) - Today, Eons.com, the largest social networking site for baby boomers, revealed the findings of its "Rebate Check Boomer Poll" which polled more than 700 members of the Eons.com community. The poll was conducted between May 6-12, 2008 and asked boomers, "How do you plan on using the money from your rebate check?" The poll showed that more than 60 percent of boomers are either saving their rebate checks, using the money to pay bills, or are spending it on necessities like food and gas. A mere 18 percent are spending the money on consumer goods, travel or entertainment.

"The baby boomer generation, 78 million strong, is often regarded as the generation with the most disposable income. It was surprising for us to learn that our members, like so many other consumers, are planning to save their rebate checks rather than spend them," said Jeff Taylor, Eons.com Founder and CEO. "It's a topic that many of our members are passionate about and have been discussing in various retirement groups on Eons.com for some time."

Full survey results are as follows:

How do you plan on using the money from your rebate check?

Pay bills                                                  27.8%

Spend on necessities (food, gas, etc.)                     17.0%

Save (for retirement, future expenses, etc.)               16.5%

Spend on travel                                              10%

Spend on consumer goods (flat screen TV, iPod, etc.)        7.6%

Unsure                                                      6.2%

I did not qualify for a check                               5.5%

Give to family                                              2.4%

Spend on entertainment (restaurant, movies, etc.)           1.7%

Give to charity                                             0.4%

Methodology

The "Rebate Check Boomer Poll" was conducted of Eons.com members from May 6-12, 2008. More than 700 Eons.com members participated in the survey.

About Eons™

Eons.com is the online community for spirited BOOMers who want to explore their passions, keep in touch with friends, connect with interesting people to share life experiences and most of all have fun. Founded by Jeff Taylor, creator of Monster.com, Eons, Inc. has attracted a team of renowned advisors and industry-leading partners and is backed by venture capital financing from General Catalyst Partners, Sequoia Capital, Charles River Ventures and Intel Capital, as well as Humana, Inc. It is supported by corporate founding partners Humana, Inc. and Verizon Wireless. Eons is headquartered in Charlestown Navy Yard, Boston. For more information about Eons, visit www.eons.com.